The recent budget contained some good news for property owners and purchasers. The ‘stamp duty holiday’ for properties in England and Northern Ireland has been extended from its proposed end date of 31st March to 30th June 2021. During this time there will be no basic stamp duty on residential property purchases in England […]
One of my earlier posts referenced the Green Homes Grant whereby Homeowners and Residential Landlords in England can apply for a Green Homes Grant voucher towards the cost of installing energy efficient improvements to their properties. Rules apply, but under the scheme the Government will potentially contribute up to £5,000 to cover two-thirds of the […]
The UK government announced today that it plans to pass legislation giving the right to leaseholders to extend their lease by 990 years at zero ground rent. This will apply to both leasehold houses and flats and the government estimates it will benefit some 4.5m leaseholders. Housing secretary Robert Jenrick said: “Across the country people are […]
Messages we are receiving from lender contacts all emphasise they are open for business, and mortgages for purchase and remortgage purposes can continue as normal.
One of our building society contacts reminds us that they have residential mortgage products for older applicants including Repayment and interest only Repayment plan may be downsizing (or not, as the case may be) Applicants up to age 85 All subject to criteria of course, but possibly better than equity release for some people.
On 8th of July 2020 the Chancellor announced a Stamp Duty Land Tax Incentive (a Stamp Duty ‘Holiday’ on the first £500k of the purchase price) on all residential property until 31st of March 2021. Although, at the time of writing the deadline is still 4 months away we recommend anyone hoping take advantage to […]
Amid continuing interest in the Holiday Let market, we received a reminder today from one of our Building Society contacts of their appetite for Holiday Let mortgages, including properties to be occupied by the borrower for part of the year let for the remainder. Air BnBs and applications from ex-pats are also considered for Holiday […]
Homeowners and Residential Landlords in England can now apply for a Green Homes Grant voucher towards the cost of installing energy efficient improvements to their properties. Rules apply, but under the scheme the Government will potentially contribute up to £5,000 to cover two-thirds of the cost of eligible improvements, with the property owner contributing the […]
Buy to let property investors who want the peace of mind of a ten-year fixed rate mortgage can bring amid fears over the economy and Brexit uncertainty now have several options. Virgin Money have launched a fresh selection of ten-year fixed rate buy to let mortgages with rates starting from 2.46 per cent up to […]
Zephyr Homeloans, a relatively new Buy to Let specialist lender, announced reduced interest rates across its product range. Highlights include: Rates from 2.49% New 7 Yr. Fixed Rates available from 3.30% 5 Yr fixed rental stress from 125% at pay rate Maximum age 95 at completion of mortgage HMO’s to 6 bedrooms MUFB’s up to 6 […]
Paragon Mortgages have introduced a range of Residential Mortgages aimed at landlords who are Seeking an owner occupied mortgage Self Employed Have complex income arrangements Looking to borrow into retirement Require interest only terms Fixed rates start at 3.45% Please contact Pav or David for more information.
Keystone Mortgages have introduced a cashback offer on their entire Buy to Let mortgage range – both purchases and remortgages. Cashback will be £750 on loans up to £250,000, and £1,250 on loans between £250,001 and £1m. Available on standard and specialist mortgage ranges for both individuals and limited companies. Contact David or Pav for […]
In announcing an increase in the minimum loan amount from £100k to £200k, Hampshire Trust remarked ‘We continue to expand and diversify our products and proposition and are the lender you can rely on for genuinely specialist funding solutions. As a reminder, we currently lend on complex requirements including portfolio landlords, holiday lets, HMOs, semi-commercial, […]
The flexibility for Buy to Let mortgage borrowers of being able to fix an interest rate for 5 years whilst only having early repayment penalties for 3 years is to be welcomed. But does the fact that 3 lenders now offer such products suggest this may be more than a passing marketing ploy? Precise Mortgages, […]
One Savings Bank Group and Chartercourt Financial Group have agreed to a merger it has been announced. The transaction now requires approvals by shareholders and regulators before it becomes final. One Savings Bank includes well-known Buy to Let and Residential mortgage lender Kent Reliance as well as Commercial and Semi-commercial lender Interbay, while Chartercourt will […]